Indian mobile wallet MobiKwik is to invest Rs 3bn (US$45m) to triple its user base and raise the total volume of transactions on its platform to $10bn in 2017, The Times of India reports... More
Archive for February 2017
Consumers show more trust in mobile wallet security
Global consumers are “more concerned” with protecting their financial and payments information on a computer than protecting the same data in a mobile wallet, ACI Worldwide and Aite Group research reveals, with more than 80% believing their mobile wallet data is secure... More
Crédit Mutuel Arkéa launches HCE mobile payments developed with Antelop
PARTNER NEWS: Customers of French bank Crédit Mutuel Arkéa can now make host card emulation (HCE) based mobile payments using the bank’s Paylib mobile app and authorise payments at the point of sale with a scan of their fingerprint, making it the “first bank offering a fingerprint-supported HCE solution in France”... More
US banks launch money-transfer app
Nineteen US banks have launched Zelle, the mobile P2P money transfer service unveiled last October to compete with the likes of Venmo, allowing users to send money directly to each other’s bank accounts within minutes... More
UK bank tests voice commands with Google Home
Starling Bank, a UK mobile-only bank, is testing an integration of its API with Google Home, the voice-activated speaker powered by Google Assistant... More
Mahindra Comviva launches biometric payments solution for rural Indian merchants
PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva has launched PayPlus Aadhaar Pay, a merchant payment acceptance solution designed for rural India that will enable merchants to accept in-store payments through Aadhaar numbers and biometric-based authentication... More
Europe to relax requirements on strong customer authentication for online and unattended payments
The European Banking Authority (EBA) is to modify its proposed plan for “strong customer authentication” on all remote payments over €10 (US$10.50), which would have required customers to present additional authentication at checkout such as passwords and codes, or use a card reader... More
Visa Token Service to spread across Europe in 2017
The Visa Token Service platform will be available in more than 12 European countries by the end of 2017, Visa has announced... More
Gulf Oil unveils Gulf Pay for mobile payments and special offers at fuel stations
Customers at Gulf Oil fuel stations across select New England and New York markets in the US are to pilot a new mobile payment service that will enable drivers to navigate to the nearest station, pay for fuel at the pump, receive exclusive offers and purchase products inside the convenience store... More
STMicroelectronics announces new NFC devices for contactless payments and IoT
PARTNER NEWS: STMicroelectronics has released a new set of NFC devices for contactless payments and data exchange, including the ST21NFCD NFC controller and ST54 Systems in Packages containing the controller and an embedded Secure Element (eSE)... More
Bank of China brings Apple Pay to UnionPay credit cards
Bank of China has become the first bank in Hong Kong to offer Apple Pay with UnionPay credit cards... More
Belgian bank to launch HCE mobile payments
Customers of Belgium’s Belfius Bank will soon be able to make host card emulation (HCE) based mobile payments using a service integrated with the Belfius Mobile banking app... More
Apple and Samsung boost Russian interest in virtual cards
The launch of Apple Pay and Samsung Pay in Russia helped to produce a fivefold increase in the number of consumers using online payment service Yandex.Money to pay for goods and services in 2016, Vedemosti reports... More
Ant Financial invests in Korea and Philippines
Alipay parent company Ant Financial is to invest US$200m in South Korean mobile finance platform Kakao Pay to “expand its online and offline payment coverage”... More
Swiss region pilots own local blockchain-based cryptocurrency
A pilot test of a cryptocurrency based on blockchain technology has taken place in the canton of Ticino, Switzerland... More
NPCI, Mastercard and Visa unveil standardised QR code mobile payments for India
Indian consumers can now make QR code-based mobile payments using BharatQR, a “low cost, interoperable mobile acceptance solution” backed by the Indian government and developed by Mastercard, Visa and National Payments Corporation of India (NPCI)... More
ING Direct and Macquarie support Apple Pay in Australia
ING Direct and Macquarie Bank are now rolling out support for Apple Pay in Australia, with 47 financial institutions now supporting the mobile payments service in the country... More
Apple Pay coming soon to Germany and Italy?
Apple Pay could soon be launching in Germany and Italy, after German and Italian language instructions on how to use the mobile payment service were discovered on Apple’s website by Polish website iMagazine... More
Serbian bank launches HCE mobile payments
Customers of Kombank in Serbia can now make host card emulation (HCE) based mobile payments through a new feature added to the bank’s mobile banking app... More
Magazine focuses on Indian demonetisation and mobile money
PARTNER NEWS: A 36-page magazine featuring articles about the post-demonetisation era in India and the best practices for enhancing the customer experience of using mobile money is now available to download from the NFC World Knowledge Centre... More